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1|2|3 Student Current Account

With a free 16-25 Railcard saving you 1/3 on rail travel for 4 years, a £1,500 overdraft, and interest when you're in credit, our Student Current Account is hard to beat.

Our 1|2|3 Student Current Account is designed for adults, aged 18 or over, who are about to begin or have started an undergraduate course that is at least 2 years in length, or level 4 to 7 apprentices (degree equivalent).

As long as £500 goes into your account each academic term, and you register for Online Banking, you'll get the following:

  • A free 4-year Santander 16-25 Railcard which could save you 1/3 off rail travel in Great Britain

  • An interest-free and fee-free Arranged Overdraft, up to £1,500 in years 1-3, then up to £2,000 if you stay on to year 5 (overdrafts are subject to status).

  • 3% AER / 2.96% (variable) interest on your balance from £300 up to a maximum of £2,000

  • Access to 1|2|3 World offers, including preferential rates and special deals on other Santander products.

  • Santander Debit card for making purchases and accessing your money at cash machines. 

  • At the end of your studies, your account will automatically transfer to our 1|2|3 Graduate Current Account which comes with a £2,000 interest free and fee free Arranged Overdraft.

Remember, if you switch your current account to us, we'll move it across in 7 working days, so you can start making the most of your account.

Representative example
0% EAR (variable) Arranged Overdraft. No Arranged Overdraft Usage Fees apply. Assumed Arranged Overdraft credit limit £1,200. Actual amount may differ.

If you already hold a Santander current account or would like to switch your account from another provider, please visit your local Santander branch.



Please read the full product details, Key Facts document, Fee Information Document and Terms and Conditions before applying. Other
accounts are available; see our current account range to find out more.






Apply now

1|2|3 Student Current Account features

If you are 18 or over and eligible for our Student Current Account, you get a free 4-year 16-25 Railcard which could save you 1/3 off rail travel in Great Britain.


From 6 April 2016, interest is received gross, with no income tax deducted. Take a look at our information pages to learn more

Interest Account balance

1.00% AER/gross (variable)

2.00% AER/1.98% gross (variable) £200+
3.00% AER/2.96% gross (variable) From £300 to £2,000

Interest is paid monthly on the first £2,000 of your entire balance once you have at least £100 in your account.

Interest-free and fee-free Arranged Overdraft  

Year of study Arranged Overdraft limit
1, 2 and 3 £1,500
4 £1,800
5 £2,000

When you open your account you'll get an Arranged Overdraft limit of £250 as soon as we’ve checked you’re an eligible student. To increase this to £1,500 you need to pay in £500 and continue to pay in at least £500 per academic term.  

You can ask to reduce your overdraft limit at any time. You may notice as you start a new academic year that your overdraft limit automatically increases in line with the allowances we've set out above. Don't forget that you can always ask us to reduce the limit if you don't want to have a larger overdraft.

Representative example
0% EAR (variable) Arranged Overdraft. No Arranged Overdraft Usage Fees apply. Assumed Arranged Overdraft credit limit £1,200. Actual amount may differ.


How it works

  • Open the account and register for Online Banking

  • Pay in at least £500 per academic term

  • Pay in £500 to increase the overdraft limit from £250 to £1,500

  • Receive a unique code through your Online Banking to get your free Santander 16-25 Railcard

  • There is a limit of one 1|2|3 Student Current Account per person

This is a paper-free account which means:

  • Your documents, statements and some of your letters will be sent as an e-Document to your secure inbox on Online Banking (unless you require documents in an alternative format, such as braille)
  • You'll need to provide us with an email address when you open the account as we’ll send you an email to let you know when a document is ready to view.
  • Once the account has been open for at least 24 hours, you can update your account settings at any time to start receiving statements and other correspondence by post. 

We can switch your existing current account for you in just 7 working days, including your Direct Debits, standing orders and salary (see switching tab for more details).

What you can get

  • Santander contactless debit card - a quick and secure method of buying goods and services at home and abroad.

  • Contactless payments with your mobile by linking your Santander debit or credit card to your Apple, Android or Samsung device.

  • Fee free Arranged Overdraft.

  • Retailer Offers - earn cashback of up to 15% at a range of major retailers when you use your Santander Visa debit card.

  • Chequebook

Santander debit, contactless and overdraft are subject to status.

You can use this account to

  • Set up Direct Debits and standing orders

  • Pay bills

  • Transfer money online, including Faster Payments

At the end of your studies, your account will automatically transfer to our 1|2|3 Graduate Current Account which comes with a £2,000 interest free and fee-free Arranged Overdraft.

If you're studying for an apprenticeship
As your course period may not match a standard university academic year, you may find that your overdraft limit changes earlier than expected (in line with the account’s overdraft structure) and, that your account may move to the graduate account before you finish your course.

Overdraft fees  
Unarranged Overdraft Usage Fee £5 per day (capped at 10 days in each monthly statement period)
Fee for allowing a payment despite lack of funds £5 per transaction
Fee for refusing a payment due to lack of funds £10 per transaction

The 1|2|3 Student Current Account has a monthly cap for Unarranged Overdraft fees of £50 which includes fee for allowing or refusing a payment due to lack of funds.

If you try to make a payment that would take you into an Unarranged Overdraft, we’ll decide whether or not to pay it depending on your circumstances. As a result, you may incur a fee for allowing or refusing a payment due to lack of funds.

We have other borrowing options, such as credit cards, personal loans, and additional loans for our existing mortgage customers. Learn more about our borrowing options

There are other charges applicable with this account, such as when you use your card abroad. Please refer to the Fee Information Document and Terms and Conditions for details.

The Fee Information Document details the main fees and charges on this account. For further explanation of our main terms and services take a look at our Glossary

Overdraft alerts
We’ll automatically send you alerts about your balance to help you avoid charges e.g. when you’re in an Unarranged Overdraft, a payment has gone unpaid or you need to pay money in to cover a payment. These alerts will be sent by text message and/or email.

Once your account has been set up you can update your alert settings at any time by logging on to Online Banking, visiting one of our branches or by calling us on 0800 9 123 123.


Apply now

Switching your existing current account to the 1|2|3 Student Current Account

Stress-free switching in just 7 working days

  • You can either switch to a new account, or one you've already got with us

  • Our dedicated switcher team will switch all of your Direct Debits, standing orders and your salary

  • Choose when your switch starts - this can be up to 60 days in the future

  • Your switch will only take 7 working days

  • We'll keep you updated of progress by letter, text and e-mail

  • We'll close your old account and redirect any payments to your Santander Current Account 

Representative example
0% EAR (variable) Arranged Overdraft. No Arranged Overdraft Usage Fees apply. Assumed Arranged Overdraft credit limit £1,200. Actual amount may differ.


Our switcher service is rated 5 Star by Defaqto, an independent financial research company, so you can be confident your current account switch is in the best hands. 

How to switch 

If you have an account with another provider that you’d like to switch to us, please visit your local branch

If you’ve completed your first year of study at university, you must switch your existing account to be eligible to open a student account.

To switch you'll need to give us

  • your existing sort code and account number

  • your existing debit card number and expiry date.

Check if your current bank or building society is signed up to the Current Account Switch Service

For more information please refer to our Switch Your Current Account Factsheet




Apply now

From day-to-day banking to analysing how you spend, do it your way

Because we know you have busy lives and are often on the move, we want to give you ways to bank that make life easier. We're always looking for new ways to bank that help you do what you need to do, with your phone, computer or in person.

So if you're taking a break from studying in the library, log on with your tablet to check the interest you've earned. If you want to pay a friend for your share of a night out, use Paym on your mobile to make a quick transfer with no need for bank details. And if you're on the high street pop in for the personal service. 

Need a helping hand? Use Send Me the Link to send yourself our mobile apps, videos, guides, & factsheets

Send me the link allows you to send yourself links for our mobile apps, videos, guides, & factsheets which can help you with your Online & Mobile Banking needs. Access Send Me the Link here. 

Here are just a few of the things you can do:

Mobile Banking

Our fastest growing way to bank. Use your phone or device to:

  • Log on quickly and securely using Touch ID, Face ID or Fingerprint

  • see balances, make payments and check 1|2|3 cashback

  • register for Retailer Offers to earn additional cashback on your spend

And much more

Learn all about Mobile Banking with our handy demo

Get the app


Online Banking

24/7 banking on your desktop or laptop computer. Everything you can do on mobile, plus:

  • manage personal details such as change of address

  • register to receive mobile-to-mobile payments with Paym  

  • get your unique code for your 16-24 Railcard 

And much more

Take a look at our Online Banking videos

Sign up



Come in and see us for:

  • face-to-face support in managing your account

  • free customer wi-fi: bring your own device into branch and we'll help you with our online and mobile services

Find a branch


Contact Us

Telephone Banking

  • with our UK-based team on hand until 9pm most nights, and an automated service when they go home, do your banking by telephone any day of the week

  • call us on 0800 9 123 123

Find out more



Use our ATMs for:

  • withdrawing cash

  • making cash and cheque deposits

  • checking your balance

  • managing your PIN 

Find out more


Post Office

  • Use Post Office branches to make cash withdrawals, balance enquiries, cash deposits and cheque deposits

Find out more


Protect yourself from fraud

It’s very important that you keep your banking details private and secure.

  • Never share a Santander One Time Passcode (OTP) with another person. Not even a Santander employee.
  • Never download software or let anyone log on to your computer or devices remotely during or after a cold call.
  • Never enter your Online Banking details after clicking on a link in an email or text message.

For more information about our approach to security as well as more useful information to help you stop the threat of fraud visit our Security Centre.


Save 1/3 on UK rail travel with the Santander 16-25 Railcard.

You must be aged 18 or over and have a confirmed place at university to open this account

How to get a 16-25 Railcard

  • Open a new 1|2|3 Santander Student Current Account

  • Register for Online Banking

  • Pay in at least £500 per academic term (for example from your income, student loan or grant)

  • A unique code will be sent via secure message to your Online Banking within 5 working days of account opening

How to order your 16-25 Railcard

  • Log on to Online Banking 

  • Get the unique code sent via secure message to your Online Banking

  • Visit

  • Your unique code is valid for 60 days from the date of issue and cannot be re-issued once expired.

  • You'll receive your 16-25 Railcard within 5 working days of completing your order.

It's more than just cheap rail travel

With a 16-25 Railcard you'll get exclusives deals on holidays, eating out, top attractions and many more deals.

Santander 16-25 Railcard important information

  • Before you use your 16-25 Railcard, please read the Santander 16-25 Railcard Terms and Conditions.

  • One Railcard per 1|2|3 Student Current Account.

  • There is no cash alternative to the Railcard and it is not transferable to any other person.

  • The unique Railcard code must only be redeemed by the Santander 1|2|3 Student Current Account holder.

  • The Railcard will be issued and maintained by the Rail Delivery Group.

  • The Railcard can only be used in mainland Great Britain; that is England, Scotland and Wales. It can't be used on train services in Northern Ireland or the Republic of Ireland.

  • Your email address will not be used for marketing purposes unless you have given us your permission to do so, but will be used to send service messages to you.

For more information on the Santander 16-25 Railcard please see our FAQs below or visit the Rail Delivery Group FAQs page.




Apply now

Everything you need to know before you apply

We recommend reading the information in the documents below before you apply. You should print or save copies of these documents for your records and future reference.

After you have completed your course
1|2|3 Graduate Current Account Key Facts Document including Pre-Contractual Information (once you finish your studies, you will automatically transfer to this account)

To view these documents, you may need to download Adobe Reader.


Apply now

Before applying please remember to read the full details and terms and conditions sections.
You can apply for a new 1|2|3 Student Current Account if you:

  • are aged 18 or over
  • live in the UK for tax purposes
  • are about to begin or have started an undergraduate course, or degree-level apprenticeship (level 4-7), that is at least two years in length.
  • Please note: if you're in your 2nd year of university or above, you must switch an account from another provider to us as part of your application.

If you're about to begin your university studies, you must have a ‘confirmed conditional’ offer (this is given once you have received your results) or an ‘unconditional’ offer of a university place. If you have a conditional offer only, please wait until your place has been confirmed following your results before applying.

If you're about to begin an apprenticeship, your place on the apprenticeship must have been confirmed. If your offer is subject to you achieving certain results, please wait until your place has been confirmed following your results before applying.

As part of your application:

  • We recommend that you provide the address where you're registered on the electoral roll
  • You'll need to provide proof of study e.g. UCAS Digital AS12, a student ID card (must include expiry date), a letter from your higher education provider, or apprenticeship confirmation from your university and/or employer.

How to apply:

If you don’t already have a Santander current account
  • Apply or switch online straightaway; OR
  • Visit one of our university branches, which show as ‘University branch’ in our branch finder. You may need to make an appointment.

Apply now

Continue application

If you do already have a Santander current account
  • Please visit us in any branch to transfer your existing Santander current account to the 1|2|3 Student Current Account
  • You can book an appointment online quickly and easily below.

Book now


AER explained
AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year.

Gross rate explained
The gross rate is the interest rate we pay where no income tax has been deducted.

Rates may change and we pay interest each month.

EAR explained
EAR stands for Effective Annual Rate and represents the yearly cost of an overdraft, which takes account of how often we charge interest to the account, and does not include any other fees or charges.

Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions.

Information correct as at 17 October 2018.

Santander UK plc. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England and Wales. Telephone 0800 389 7000. Calls may be recorded or monitored. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 106054. You can check this on the Financial Services Register by visiting the FCA’s website Santander and the flame logo are registered trademarks.